HR 1600
106th Congress
House
Labor and Employment
Commerce
Economics and Public Finance
Employee stock options
Federally-guaranteed loans
Finance and Financial Sector
Government Operations and Politics
Government contractors
Government lending
Grants-in-aid
Profit sharing
Small business
Subsidies
American Profit Sharing Act
Introduced: April 28, 1999
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 1999
Referred to the Subcommittee on Employer-Employee Relations.
May 5, 1999
Referred to the Subcommittee on Government Management, Information and Technology.
Apr 28, 1999
Referred to the Committee on Government Reform, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 28, 1999
Introduced in House
Plain-English summary
American Profit Sharing Act - Permits the provision of Federal contracts and certain Federal subsidies only to businesses which have a stock bonus or profit-sharing plan. Excepts start-up small businesses for one year unless such business has: (1) been in existence for at least ten prior years; (2) more than five full-time employees (or their equivalent) at any time during the year; and (3) a gross income exceeding $5 million.
What's happening now
Referred to the Subcommittee on Employer-Employee Relations.